A surprise drop in employment is unlikely to bring forward another rate cut from the Reserve Bank of Australia, as economists warn the jobs market is still historically strong.
Almost 53,000 workers lost their jobs last month, the Australian Bureau of Statistics said on Thursday, as fewer older people returned to work than usual.
Loading...
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
